Nevertheless, it is advisable to take out the balance of your insurance policies from time to time. This way you can not only save money, but also avoid pleasant surprises.
While nine in ten Belgians consider themselves well insured, one in three Belgians do not know or only partially know which insurance policies they are covered by. This is evident from a recent study commissioned by CBC Insurance. More than 1,000 people were interviewed by the Ipsos Institute. The sample would be representative of the Belgian population aged 18 to 70.
Reviewing every important moment in life
“Insurance is clearly not a main concern for Belgians who, once insured, no longer worry about it,” says Patrick Dallemand, director of CBC Insurance. “Our compatriots only react when something happens, instead of regularly reviewing their insurance policies. There is no need to review them every year, but do take a look at your insurance portfolio at every important moment in your life, such as when purchasing/ renovation of a house or the birth of a (grand)child… That’s important.”
Life changes incessantly. The fact that children regularly use the car of the parents can have negative consequences for the reimbursement. Or your parents have moved to a retirement home, but never thought of canceling their domestic workers insurance, which dates back to the time when someone regularly came to help them around the house… Useless and expensive. Another example: after renovation work, people often forget to have their insurance adjusted, which can lead to unpleasant surprises in the event of damage. Also several doubles. Therefore it is advisable to make an appointment now and then with your insurance broker or an insurance specialist to take a closer look at all policies.
When you trust, you stop trading!
Contrary to popular belief, “the fact that Belgians care little about their insurance can be interpreted as a sign of confidence,” says Pierre Devolder, professor at the Institute of Statistics, Biostatistics and Actuarial Sciences at UCLouvain. “All in all, the research gives a fairly peaceful picture of the relationship between the Belgian and the insurance world, far from the negative clichés in this area.”
While nine in ten Belgians consider themselves well insured, one in three Belgians do not know or only partially know which insurance policies they are covered by. This is evident from a recent study commissioned by CBC Insurance. More than 1,000 people were interviewed by the Ipsos Institute. The sample would be representative of the Belgian population aged 18 to 70. “Insurance is clearly not a main concern for Belgians who, once insured, no longer worry about it,” says Patrick Dallemand, director of CBC Insurance. “Our compatriots only react when something happens, instead of regularly reviewing their insurance policies. There is no need to review them every year, but do take a look at your insurance portfolio at every important moment in your life, such as when purchasing/ renovation of a house or the birth of a (grand)child… That’s important. “Life changes incessantly. The fact that children regularly use the car of the parents can have negative consequences for the reimbursement. Or your parents have moved to a retirement home, but never thought of canceling their domestic workers insurance, which dates back to the time when someone regularly came to help them around the house… Useless and expensive. Another example: after renovation work, people often forget to have their insurance adjusted, which can lead to unpleasant surprises in the event of damage. Also several doubles. Therefore it is advisable to make an appointment now and then with your insurance broker or an insurance specialist to take a closer look at all policies. Contrary to popular belief, “the fact that Belgians care little about their insurance can be interpreted as a sign of confidence,” says Pierre Devolder, professor at the Institute of Statistics, Biostatistics and Actuarial Sciences at UCLouvain. “All in all, the research gives a fairly peaceful picture of the relationship between the Belgian and the insurance world, far from the negative clichés in this area.”
–
